Today's 4 Stock Ideas:
- Global X Cloud Computing ETF (CLOU) - A play on across-the-board weakness in software stocks following a guidance cut from Fastly (FSLY) Wednesday evening. Fastly shares were down 30% ahead of the open Thursday.
- Zoom Video Communications (ZM) - The company’s “Zoomtopia” user conference began Wednesday and will continue through Thursday. The company is expected to introduce many new features at the conference, including Zoom apps (“Zapps”) and end-to-end encryption.
- The Peck Company (PECK) - A sympathy play following news out of SPI Energy (SPI). SPI shares were up about 90% in pre-market action following news of a deal via company subsidiary, EdisonFuture, for electric vehicles. Several stocks in the electric vehicle space, including Peck, which is expected to merge with Sunworks (SUNW), have traded closely together upon momentum in one name.
- Precigen (PGEN) - A play on new cancer immunotherapy technologies. Shares gained nearly 4% before market open Thursday after the FDA cleared the company’s UltraProrator system for the manufacture of its UltraCAR-T cells in clinical trials.